NOT LISTED FOR SALE

512 54th Ave N Unit 512 54th Ave N. North Myrtle Beach, SC 29582

Cherry Grove Neighborhood

Estimated Value: $1,050,000 - $1,328,000

4 Beds
4 Baths
3,300 Sq Ft
$361/Sq Ft Est. Value

Last Sold May 31, 2016

Last sale price $717,500 $217 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $6,730/month

124 Days on Market

Highlights

  • Boat Dock
  • Sitting Area In Primary Bedroom
  • Island Location
  • Ocean Drive Elementary School Rated A
  • Property fronts a channel
  • Deck

About This Home

As of May 2016

As you cross the modern bridge of 53rd Ave north to Cherry Grove inlet, you will enter the island of Heritage Shores which is one of the Grand Strand's most unique neighborhoods. The homes not only have fabulous views of the channel and inlet waters, but also access to the Atlantic Ocean. This beautiful custom built home on a corner lot, is a North Myrtle Beach masterpiece that features: 4 bedrooms with 2 master suites, with 4 private baths, a large great room with a marble fireplace, and 10 foot ceilings that create an open floor plan in the main living area, a second great room on the upper level with a marble fireplace, wet bar and 9 foot ceilings that create a private get away for you, your family or guests. Elevator to all levels from the 3 car garage, formal dining room, eat-in kitchen, utility room with cabinets and sink, custom built crown molding and trim work, tray ceilings, ceramic tile, marble counter tops, hardwood floors throughout, central vacuum system on all 3 levels, 2 covered outside porches and 2 decks with vinyl railings and composite board floors, private boat dock, irrigation system and security systems. This is a one of a kind home in a one of a kind neighborhood on the channel at the Cherry Grove Inlet!!

Last Agent to Sell the Property

George Miles

Ocean Front Guru Real Estate License #20099 Listed on: 12/07/2015

Last Buyer's Agent

Ben Guyton

GRANDE DUNES PROPERTIES License #12255

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,081

Year Built

  • Built in 2006

Lot Details

  • Property fronts a channel
  • Corner Lot
  • Rectangular Lot
  • Property is zoned R-1 (RES)

Parking

  • Garage
  • Tuck Under Parking
  • Side Facing Garage
  • Garage Door Opener

Home Design

  • Stilt Home
  • Bi-Level Home
  • Raised Foundation
  • Wood Frame Construction
  • Concrete Siding
  • Masonry Siding
  • Stucco
  • Tile

Interior Spaces

  • 3,300 Sq Ft Home
  • Wet Bar
  • Central Vacuum
  • Tray Ceiling
  • Ceiling Fan
  • Insulated Doors
  • Entrance Foyer
  • Living Room with Fireplace
  • Formal Dining Room
  • Workshop

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Sitting Area In Primary Bedroom
  • Walk-In Closet
  • 4 Full Bathrooms
  • Single Vanity
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only
  • Garden Bath

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Floating Dock
  • Creek On Lot
  • Balcony
  • Deck
  • Patio
  • Front Porch

Location

  • Island Location

Schools

  • Do Not Use -North Myrtle Beach Elementary - Inactive
  • North Myrtle Beach Middle School
  • North Myrtle Beach High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Water Heater
  • Phone Available
  • Cable TV Available

Community Details

Recreation

  • Boat Dock

Additional Features

  • The community has rules related to allowable golf cart usage in the community
  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,081

Year Built

Built in 2006

Lot Details

0

Parking

6

Listing Details

  • Lot Description: Corner, Rectangular
  • Amenities Available: Seller Disclosure, Short Term Rental Allowed, Long Term Rental Allowed, Owner Allowed Golf Cart, Tenant Allowed Golf Cart
  • Estimated Year Built: 2006
  • Class: Residential
  • Construction Status: Resale
  • Family Rm Great Rm: Ceiling Fan, Tray Ceiling, Wet Bar
  • Floor Cover: Tile, Wood
  • HOA Fee Frequency: Does Not Have Hoa
  • Heating And Cooling: Central Air, Central Heat, Electric
  • Living Room Type: Ceiling Fan, Fireplace, Tray Ceiling
  • Lvt Date: 12/14/2015
  • Sold Total Heated Sq Ft: 3300
  • Sold Total Sq Ft: 5800
  • Style: Raised Beach
  • Type Of Parking: Under House - Raised Beach
  • Vehicle Parking Capacity: 6
  • Total Heated Sq Ft: 3300
  • Geo Subdivision: SC
  • Section Subdivision: Heritage Shores
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2006

Interior Features

  • Interior Amenities: Garage Door Opener, Workshop, Central Vacuum, Security System, Smoke Detector, Wshr/Dryer Connection, Fireplace, Elevator-Interior
  • Other Rooms: Foyer, Laundry/Utility, Workshop
  • Primary Bathroom: Double Sink, Garden Tub, Shower, Vanity
  • Kitchen Type: Breakfast Bar, Breakfast Nook, Dishwasher, Solid Surface Countertops, Garbage Disposal, Microwave, Pantry, Refrigerator, Range Hood, Range, Trash Compactor
  • Master Bedroom Type: Ceiling Fan, Sitting Area, Tray Ceiling, Walk-In Closet
  • Bedrooms: 4
  • Dining Room Type: Formal, Tray Ceiling
  • Formal Dining: Yes
  • Full Bathrooms: 4
  • Levels: Two-Story
  • Total Sq Ft: 5800

Exterior Features

  • Exterior Features: Patio, Deck, Balcony, Front Porch, Rear Porch, Lawn Sprinkler, Insulated Doors/Windows, Boat Dock, Elevator-Exterior, Side Load Garage, Back Load Garage
  • Exterior Finish: Concrete Fiber Siding, Masonry Accent, Stucco, Wood Frame
  • Foundation: Raised Beach

Garage/Parking

  • Type: Detached

Utilities

  • Water Heater: Electric
  • Utilities Available: Cable Tv, Electricity, Sewer, Telephone, Underground Utilities, Water Public

Schools

  • Elementary School: DO NOT USE -North Myrtle Beach Elementary - Inactive
  • Middle School: North Myrtle Beach Middle School
  • High School: North Myrtle Beach High School

Lot Info

  • Lot Location: On Channel, On Inlet/Creek, Inside City Limits, Island, Floating Dock
  • Zoning: R-1 (RES)

MLS Schools

  • Elementary School: DO NOT USE -North Myrtle Beach Elementary - Inactive
  • HighSchool: North Myrtle Beach High School
  • Middle School: North Myrtle Beach Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2005
Sold by
Gerald Jimmy L
Bought by
Wright Edward Wayne and Wright Rose Gardner
Current Estimated Value
$1,189,663

Purchase Details

Closed on
Aug 6, 2004
Sold by
Wright Edward W and Wright Rose G
Bought by
Gerald Jimmy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 2003
Sold by
Sundance Homes Inc
Bought by
Wright Edward W and Wright Rose G

Purchase Details

Closed on
Jun 12, 2002
Sold by
Wood Jimmy F
Bought by
Sundance Homes Inc

Purchase Details

Closed on
Mar 27, 2002
Sold by
Le Huguenot Ltd
Bought by
Dominion Trust Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wright Edward Wayne $250,000 --
Gerald Jimmy L $250,000 --
Wright Edward W $250,000 --
Sundance Homes Inc $182,500 --
Sundance Homes Inc $182,500 --
Wood Jimmy F $1,894,736 --
Dominion Trust Llc $335,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gerald Jimmy L $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2016 05/31/16 Sold $717,500 -19.8% $217 / Sq Ft
04/09/2016 04/09/16 Pending -- -- --
12/07/2015 12/07/15 For Sale $895,000 -- $271 / Sq Ft
Source: Coastal Carolinas Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,081 $42,235 $18,700 $23,535
2023 $5,081 $28,985 $9,325 $19,660
2021 $2,920 $28,985 $9,325 $19,660
2020 $5,464 $28,985 $9,325 $19,660
2019 $5,235 $28,985 $9,325 $19,660
2018 $5,404 $28,418 $10,150 $18,268
2017 $12,068 $42,627 $15,225 $27,402
2016 -- $32,163 $15,225 $16,938
2015 $2,180 $21,442 $10,150 $11,292
2014 $2,026 $21,442 $10,150 $11,292
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 1523671

Coastal Carolinas Association of REALTORS®

APN: 35209010111